Invesco Ltd. Sells 21,857 Shares of Hyatt Hotels Corporation $H

Key Points

• Invesco Ltd. reduced its stake in Hyatt Hotels by 3.2%, selling 21,857 shares and bringing its total holding to 657,700 shares worth approximately $80.57 million.
• Analysts have varied opinions on Hyatt Hotels, with ratings ranging from sell to strong buy, and a consensus price target of $152.26 per share, following updates from firms like Morgan Stanley and Deutsche Bank.
• Hyatt Hotels announced a quarterly dividend of $0.15 per share, with the payout reflecting a 0.4% dividend yield based on an annualized rate of $0.60.

Invesco Ltd. cut its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 657,700 shares of the company's stock after selling 21,857 shares during the quarter. Invesco Ltd. owned approximately 0.68% of Hyatt Hotels worth $80,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its holdings in Hyatt Hotels by 127.9% in the 1st quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock worth $1,346,000 after purchasing an additional 6,170 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Hyatt Hotels by 87.0% during the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock worth $995,000 after buying an additional 3,778 shares during the last quarter. TT International Asset Management LTD raised its stake in shares of Hyatt Hotels by 10.0% in the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock valued at $4,535,000 after purchasing an additional 3,360 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in shares of Hyatt Hotels in the first quarter valued at $1,155,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Hyatt Hotels in the first quarter valued at $488,000. Institutional investors own 73.54% of the company's stock.

Hyatt Hotels Trading Down 2.0%

NYSE:H traded down $2.76 during mid-day trading on Wednesday, reaching $137.26. 444,057 shares of the company's stock traded hands, compared to its average volume of 955,778. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $168.20. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.20 and a beta of 1.46. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50 day moving average price of $141.68 and a 200-day moving average price of $133.33.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $1.53 EPS. On average, sell-side analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels's dividend payout ratio is 14.25%.

Insider Transactions at Hyatt Hotels

In other news, major shareholder Hotels Corp Hyatt bought 996,587 shares of Hyatt Hotels stock in a transaction on Friday, June 13th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the acquisition, the insider owned 117,077,441 shares of the company's stock, valued at approximately $1,580,545,453.50. The trade was a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 37,825 shares in the company, valued at approximately $5,106,375. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,491 shares of company stock worth $870,211 over the last quarter. Insiders own 23.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on H. Truist Financial cut their target price on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Wall Street Zen lowered Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research note on Sunday. Barclays lowered their price target on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Evercore ISI decreased their target price on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Robert W. Baird increased their target price on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels has an average rating of "Moderate Buy" and an average target price of $152.26.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.